Country Club Bank Has $956,000 Stake in Waste Management, Inc. (NYSE:WM)

Country Club Bank raised its position in shares of Waste Management, Inc. (NYSE:WM) by 2.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,726 shares of the business services provider’s stock after acquiring an additional 100 shares during the period. Country Club Bank’s holdings in Waste Management were worth $956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Czech National Bank grew its stake in Waste Management by 7.0% during the 3rd quarter. Czech National Bank now owns 74,394 shares of the business services provider’s stock valued at $15,444,000 after acquiring an additional 4,842 shares in the last quarter. Park Avenue Securities LLC grew its position in Waste Management by 4.6% during the third quarter. Park Avenue Securities LLC now owns 4,842 shares of the business services provider’s stock valued at $1,005,000 after purchasing an additional 213 shares in the last quarter. Diversified Trust Co increased its stake in Waste Management by 40.2% in the 3rd quarter. Diversified Trust Co now owns 7,031 shares of the business services provider’s stock valued at $1,460,000 after buying an additional 2,016 shares during the period. Bath Savings Trust Co acquired a new stake in shares of Waste Management during the 3rd quarter valued at $202,000. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of Waste Management by 0.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 19,945 shares of the business services provider’s stock valued at $4,141,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $224.67 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The firm has a 50-day moving average price of $212.05 and a 200 day moving average price of $211.24. The firm has a market capitalization of $90.18 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a 12-month low of $187.48 and a 12-month high of $230.39.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Research analysts anticipate that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is currently 44.12%.

Insider Buying and Selling at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 5,826 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,294,071.12. Following the sale, the chief financial officer now owns 69,442 shares of the company’s stock, valued at $15,424,457.04. This represents a 7.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tara J. Hemmer sold 4,576 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the completion of the transaction, the senior vice president now directly owns 58,765 shares of the company’s stock, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,055 shares of company stock worth $2,674,780 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada raised their price target on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group cut their price objective on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. CIBC boosted their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Oppenheimer raised their price target on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Raymond James increased their target price on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $234.50.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.